Look at all the retail investors piled into Apple. This board is a prime example. This board has at least 500x the posts/ readers of any other yahoo stock board, and 95% of posters are long. The powers that be will run this down to nothing until you longs can't stand it any more. I think $330 will do it. Taking your $ and running. sad, actually. You need to think like a pro to make money trading stocks. This was and is so obvious. If you want to own Apple, get out now and wait for the $330's.
Don't be so certain that all posters are currently invested long or short.... train wrecks like this only happen once a decade or so and its human nature to want to watch it play itself out.... the bleechers and the peanut gallery are standing room only as this train wreck has been quite spectatular in all its slow motion glory to watch. Cheers.
True, but it's only logical to assume that 95% plus are long or are watching for an entry point. When everybody and their mother wants to own apple, disaster is around the corner. It's what happen with the bubbles a decade ago.